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Philbin to reduce Hasley fund risk

Richard Philbin 200

Hasley Investment Management is revamping its £23m Elite Hasley multi-strategy fund and launching three risk-rated funds under the tenure of former Architas chief investment officer Richard Philbin.

Last week, Philbin joined Hasley Investment Management as a partner.

He will take on the management of the £23m Elite Hasley multi-strategy fund and three risk-rated fund of funds the group is launching, which will sit across four volatility bands.

Hasley will assign its own risk rating to the funds rather than using a third-party risk profiler.

Philbin says: “We believe we can build these models in a way that will fall into all the different models of the third-party risk providers.”

Philbin plans to reduce risk in the Elite Hasley multi-strategy fund.

He says: “I have some changes to make to the fund. I want to lower the risk in the portfolio and bring it in line with how we want to risk-rate the portfolios.”

Philbin quit Architas in December 2010. Prior to Architas, he was at F&C Asset Management, where he spearheaded the team’s multi-manager range.

Hasley has also appointed Alastair George to manage the group’s £4.4m best ideas and £8.6m diversifier funds. George previously worked at Goldman Sachs as an investment strategist.

The Elite Hasley multi-strategy, best ideas and diversifier funds were previously run by Roderick Collins, who retired in June.

Philippa Gee Wealth Management managing director Philippa Gee says: “This is good news as Philbin is a capable manager with a decent background in this area.”

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